Tanalys

Crude Oil (NYMEX) (V4) MT: under pressure.

Pivot: 101.6

Our preference: Short positions below 101.6 with targets @ 92 85.6 in extension.

Alternative scenario: Above 101.6 look for further upside with 107.8 110.75 as targets.

Comment: Technically the RSI is below its neutrality area at 50.

Supports and resistances:

110.75

107.8

101.6

93.92 Last

92

85.6

84

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